FX.co ★ EUR/GBP

It is worth noting that nothing has changed for the EURGBP pair, as we continued to trade within the same range. We were stuck all week and just moved in both directions. This is not surprising, as the EURUSD and the pound were trading based on the demand for the dollar with no specific initiatives. However, it should be mentioned that we are still in a descending movement, and there is room for further decline. But first, I would like to see the pair move higher. Also, next week we will have inflation data for both the Eurozone and the UK. Overall, I still see a bearish trend, so if we manage to break above 0.8750, I would only consider selling from that level.